AloStar Bank of Commerce in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • AloStar Bank of Commerce in Birmingham, Alabama (AL)
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AloStar Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 59060
    Status: Active
    Federal Reserve ID: 4262543
    Date Established: April 15, 2011
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 516271
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: April 15, 2011
    Last Structure Change Effective Date: April 26, 2011
    Last Structure Change Process Date: May 17, 2011
    Last Data Update: May 17, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3680 Grandview Parkway, Suite 200, Birmingham, AL 35243
    County: Jefferson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • Financial Summary
  • Total assets: $854.5 mil
    Equity capital: $170.3 mil
    Deposits held in domestic offices: $496.9 mil
    Return on assets (ROA): 1.40% ($12.0 mil)
    Quarterly return on assets: 0.24% ($2.0 mil)
    Return on Equity (ROE): 7.03% ($12.0 mil)
    Quarterly return on equity: 1.21% ($2.1 mil)
    Net income: $11.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.26% ($10,766.3 mil)
    Quarterly Pretax return on assets: -0.26% (-$2,221.6 mil)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 107Total employees (full-time equivalent)
  • $854,467Total assets
  • $310,848Cash and due from depository institutions
  • $310,544Interest-bearing balances
  • $261,054Securities
  • $6,348Federal funds sold & reverse repurchase agreements
  • $139,550Net loans & leases
  • $9,535Loan loss allowance
  • $0Trading account assets
  • $5,465Bank premises and fixed assets
  • $25,937Other real estate owned
  • $1,040Goodwill and other intangibles
  • $854,467Life insurance assets
  • $104,225All other assets
  • $684,199Total liabilities and capital
  • $496,879Total liabilities
  • $463,993Total deposits
  • $496,879Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $153,475Trading liabilities
  • $0Other borrowed funds
  • $33,845Subordinated debt
  • $170,268All other liabilities
  • $170,268Total equity capital
  • $170,268Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $155,254Surplus
  • $15,014Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $63,437Income earned, not collected on loans
  • $0Earning assets
  • $1,415Long-term assets (5+ years)
  • $717,496Average Assets, year-to-date
  • $248,954Average Assets, quarterly
  • $853,328Volatile liabilities
  • $854,234Insider loans
  • $182,975FHLB advances
  • $846,482Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $166,132Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,344Restructured Loans and leases
  • $3Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,876Total interest income
  • $4,634Total interest expense
  • $15,242Net interest income
  • $1,397Provision for loan and lease losses
  • $15,602Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $565Trading account gains & fees
  • $14,942Additional noninterest income
  • $17,716Total noninterest expense
  • $9,104Salaries and employee benefits
  • $1,399Premises and equipment expense
  • $7,213Additional noninterest expense
  • $11,731Pre-tax net operating income
  • -$981Securities gains (losses)
  • -$1,168Applicable income taxes
  • $11,918Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,918Net income attributable to bank
  • $0Net charge-offs
  • $11,918Cash dividends
  • -$48Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.76%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 2.11%Net interest margin
  • 2.16%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 7.03%Return on equity (ROE)
  • 7.03%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -2910.42%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,238Assets per employee
  • 7.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.40%Loss allowance to noncurrent loans
  • 15.03%Noncurrent assets plus other real estate owned to assets
  • 10.46%Noncurrent loans to loans
  • 42.55%Net loans and leases to deposits
  • 28.09%Net loans and leases to core deposits
  • 29.07%Equity capital to assets
  • 19.93%Core capital (leverage) ratio
  • 19.63%Tier 1 risk-based capital ratio
  • 90.79%Total risk-based capital ratio
  • Memoranda
  • $92Average assets
  • $853,328Average earning assets
  • $169,440Average equity
  • $720,759Average loans

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0516271Alostar Bank Of Commerce3680 Grandview Parkway, Suite 200, Birmingham, AL 35243April 15, 2011Full Service Brick and Mortar

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